On June 30, 2020, Governor Reynolds signed into law House File 2643 (“HF 2643”) relating to various appropriations to and legal and regulatory responsibilities for state and local governmental entities. Specially related to...more
On April 9 the Federal Reserve announced as part of the CARES Act a short term liquidity facility related to governments and referred to as The Municipal Liquidity Facility (the “MLF”). Authorized under Section 13(3) of the...more
On March 31, 2020, Governor Reynolds issued a Proclamation of Disaster Emergency (the “Proclamation”) which allows Iowa county hospitals to borrow money for operational purposes and secure such borrowing from means other than...more
In a potentially sweeping boost to public finance, the CARES Act (the “Act”) authorizes the direct purchase by the Federal Reserve of state and local government obligations, as well as the provision of debt guarantees and...more
3/31/2020
/ CARES Act ,
Coronavirus/COVID-19 ,
Economic Injury Disaster Loans ,
Federal Loans ,
Financial Stimulus ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
SBA ,
SBA Lending Programs ,
Small Business ,
Tax Relief
Due to the unprecedented outbreak of COVID-19 across the United States and the guidance regarding social distancing, many governmental entities across the State of Iowa are scrambling to grapple with the provisions of Iowa...more